Well, Davor is gone.

in #cryptocurrency7 years ago

Disclaimer: These are my thoughts from my perspective, feel free to have your own.

Today, Davor announced that they are shutting down lending and released back everyone's initial investments (Not the lending wallet yet, but i'm sure that's coming). They clain to have plans for the future and will allow you to stake, but it won't bring the coin value back.
Can't say I'm surprised. When your coin is trading at pennies, of course they would leave, it was inevitable when their price first started dropping, but luckily I had already said goodbye to my money.

But what I don't get is the people who came from bitconnect, lost money and once again invested more than they could afford to lose. I understand wanting to be rich, believe me, but it's all about making smart investments. For me, I had already invested in Davor when Bitconnect failed, so I had moved on.

THe entire lending space needs to change. The regulators are coming down, so the best thing to do is to change "Lending" into "staking" Which will bring about far less heat. My plans moving forward are to only invest in platforms that I believe in in the ICO stage.

Hope you enjoyed reading, and once again, these are just my thoughts.

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